Group 1 - The SEC has requested Solana ETF applicants to submit revised S-1 forms within a week, potentially accelerating the approval timeline to 3-5 weeks [1][2] - Following the news, the price of SOL token increased by 4%, nearing the $165 mark, indicating strong market demand for institutional-grade cryptocurrency products [1] - Major asset management firms, including Grayscale and VanEck, have submitted applications for Solana ETFs, with Grayscale seeking to convert its SOL trust into a spot ETF [2][3] Group 2 - The SEC has shown a more open attitude towards staking features in the Solana ETF, which is a significant positive for investors relying on staking yields [2] - Analysts suggest that the SEC may begin approving cryptocurrency-related ETFs as early as next month, marking the start of a "token ETF summer" [3] - The potential approval of a basket of cryptocurrency products could attract more investors who are uncertain about which specific cryptocurrency will succeed [5]